Volatility was up once again, with the Cboe Volatility Index, or VIX, up around 14%. Volume was running higher on both the New York Stock Exchange and the Nasdaq according to preliminary data, a negative on a down day.
Meanwhile, the yield on the benchmark 10-year Treasury note managed to inch higher. It was up about six basis points to 1.78%. Oil was gushing though, with West Texas Intermediate crude climbing 3.7% to about $120 per barrel.
There are worries that with commodity prices surging due to the war, that could spark a painful recession.
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